Magma General Insurance Limited - Company Profile

It is a financial services public limited company based in Mumbai, Maharashtra, India, established in 2009.

2009 Mumbai, Maharashtra, India Active

Last Updated: December 21, 2025

About Magma General Insurance Limited

Magma General Insurance Limited, a active public limited company, was established on 26 June 2009 in Mumbai, Maharashtra, India. Engaging in general insurance providers within the financial and insurance service sector, it holds CIN: U66000MH2009PLC460693. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹350.00 Cr and a paid-up capital of ₹293.55 Cr.

It upholds a compliant status. Employing 2,005 professional, Its leadership includes Vinesh Mohan Kriplani (Nominee Director), Jens Holger Wohlthat (Director), Sidhi Swapnil Jatkar (Company Secretary). Past directors included Swaraj Krishnan, Janet Gasper Chowdhury, Vegulaparanan Kasi Viswanathan. It holds no open charges and ₹1.19 Cr settled loans. Its latest AGM occurred on 26 September 2025, with the balance sheet filed on 31 March 2025. It is based at Equinox Business Park, Tower 3, Ambedkar Nagar,, 2Nd Floor, Unit Number 1B & 2B, Lbs Marg, Kurla West,, Mumbai, Maharashtra, 400070.

Company Details

CIN/LLPIN
U66000MH2009PLC460693
Registration Number
460693
Incorporation Date
26 June 2009
Authorized Capital
₹350.00 Cr
Paid-Up Capital
₹293.55 Cr
ROC Code
Roc Mumbai
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 350.00 Cr as on 21-12-2025
Paid Up Capital ₹ 293.55 Cr as on 21-12-2025
Company Age 16 Year, 8 Months
Last Filing with ROC 31 Mar 2025
Satisfied Charges ₹ 1.19 Cr as on 21-12-2025

Comprehensive Company Insights

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Who are the key members and board of directors at Magma General Insurance Limited?

Current Directors

Name	Designation	Appointment Date	Status
Vinesh Mohan Kriplani	Nominee Director	01 Nov 2023	Current
Jens Holger Wohlthat	Director	30 Aug 2025	Current
Sidhi Swapnil Jatkar	Company Secretary	02 Apr 2025	Current
Rajive Kumaraswami	Ceo	15 Jun 2016	Current
Mayank Poddar	Director	26 Jun 2009	Current
Sandhya Sharma	Director	08 Nov 2022	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Managing Director	14 Jun 2016	Past
Pramod Abcsdd	Director	28 Oct 2016	Past
Pramod Abcsdd	Additional Director	23 Jul 2014	Past
Pramod Abcsdd	Additional Director	06 Aug 2024	Past
Pramod Abcsdd	Additional Director	28 Sep 2012	Past
Pramod Abcsdd	Additional Director	28 Sep 2012	Past

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Financial Performance of Magma General Insurance.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

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Revenue from Operations

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Total Assets

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Profit or Loss

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Net Worth

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EBITDA

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What is the Ownership and Shareholding Structure of Magma General Insurance?

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Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹11,924,809.00

Charges Breakdown by Lending Institutions

Others : 1.19 Cr

Latest Charge Details

Date	Lender	Amount	Status
31 Jan 2020	Others	₹0.68 M	Satisfied
16 Oct 2019	Others	₹0.90 M	Satisfied
19 Jul 2019	Others	₹1.72 M	Satisfied
23 Apr 2019	Others	₹1.00 M	Satisfied
29 Mar 2019	Others	₹1.30 M	Satisfied

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How Many Employees Work at Magma General Insurance?

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Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

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Rating

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Alerts

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Latest Updates, News, and FAQs on Magma General Insurance

Recent Activity within the Organization

Annual General Meeting

Progress on Magma General Insurance Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records. was documented.
26 Sep 2025
Director Appointment

Progress on Jens Holger Wohlthat was appointed as a Director was appointed as a Director on 30 Aug 2025 & has been associated with this company since 6 months 2 days . was documented.
30 Aug 2025
Director Appointment

Progress on Sidhi Swapnil Jatkar was appointed as a Company Secretary was appointed as a Company Secretary on 02 Apr 2025 & has been associated with this company since 10 months 29 days . was documented.
02 Apr 2025
Balance Sheet

Magma General Insurance Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai. was recorded as a recent event.
31 Mar 2025
Charges

The activity A charge registered on 19 Jul 2019 via Charge ID 100277858 with Others was fully satisfied on 26 Jul 2024. was completed.
26 Jul 2024
Director Appointment

Sudhir Hansraj Kapadia was appointed as a Director was appointed as a Director on 23 Jul 2024 & has been associated with this company since 1 year 7 months . was recorded as a recent event.
23 Jul 2024

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